Where would you like to sign in?

Golden Telecom Announces Appointment of Chief Marketing Officer

MOSCOW -- (MARKET WIRE) -- May 15, 2007 -- Golden Telecom, Inc. ("Golden Telecom" or the
"Company") (NASDAQ: GLDN), a leading facilities-based provider of
integrated telecommunications and Internet services in major population
centers throughout Russia and other countries of the Commonwealth of
Independent States ("CIS"), today announced that Mr. Fred Ledbetter has
been appointed Vice President and Chief Marketing Officer of Golden
Telecom.

In this role, Mr. Ledbetter will be responsible for Golden Telecom's
marketing strategy, consumer and business brand development, product
lifecycle management, new product innovation, and corporate communications.

Prior to joining Golden Telecom, Mr. Ledbetter worked as Managing Partner
of Golden Reach Ltd., providing management consulting for global companies
including strategy and business planning, product strategy, and product
marketing. Prior to working with Golden Reach Ltd., Mr. Ledbetter held the
position of Chief Executive Officer of Imaginet, an operating entity of
Czech Telecom responsible for a portfolio of companies which included the
Czech Republic's leading ISP, Internet advertising, a hosting center, a B2B
auction exchange, and a small business targeted sales ASP.

Mr. Ledbetter was also with Global Telesystems, Inc. (GTS) for five years,
initially responsible for cellular company start ups across Russia and
Ukraine and later responsible for the Internet product strategy and
subsequent pan-European ISP roll out. Mr. Ledbetter's experience in Russia
dates back to 1992 when he served as Deputy Managing Director for Moscow
Cellular Communications, and grew the company as a start up to yearly
revenue of $80m.

Mr. Jean-Pierre Vandromme, Chief Executive Officer of Golden Telecom,
commented, "We are very pleased to welcome Fred back to our team at Golden
Telecom where he will rejoin many colleagues from his earlier telecom days.
His insight in product development, especially in mobile and Internet
solutions, will be invaluable in implementation of our strategy which is
aimed at transforming the Company from a B2B niche player into the leading
fixed-line communication services provider in Russia and the CIS."

Mr. Fred Ledbetter added: "It is a great pleasure for me to join Golden
Telecom at this exciting moment. I believe my knowledge of the Russian
market and my previous experience with the consumer market in mobile and
Internet will make an important contribution to the company's development."

Golden Telecom, Inc. (NASDAQ: GLDN) is a leading facilities-based provider
of integrated telecommunications and Internet services in major population
centers throughout Russia and other countries of the Commonwealth of
Independent States ("CIS"). The Company offers voice, data and Internet
services to corporations, operators and consumers using its metropolitan
overlay network in major cities including Moscow, Kiev, St. Petersburg,
Nizhny Novgorod, Samara, Kaliningrad, Krasnoyarsk, Almaty, and Tashkent,
and via intercity fiber optic and satellite-based networks, including
approximately 293 combined access points in Russia and other countries of
the CIS. The Company offers mobile services in Kiev and Odessa.